{"id":73738,"date":"2026-04-20T09:07:44","date_gmt":"2026-04-20T02:07:44","guid":{"rendered":"https:\/\/hbbgroup.net\/ctck-bat-ngo-ha-du-bao-vn-index\/"},"modified":"2026-04-20T09:07:44","modified_gmt":"2026-04-20T02:07:44","slug":"ctck-bat-ngo-ha-du-bao-vn-index","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/ctck-bat-ngo-ha-du-bao-vn-index\/","title":{"rendered":"CTCK b\u1ea5t ng\u1edd h\u1ea1 d\u1ef1 b\u00e1o VN-Index"},"content":{"rendered":"
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Trong b\u00e1o c\u00e1o m\u1edbi \u0111\u00e2y, Ch\u1ee9ng kho\u00e1n KB Vi\u1ec7t Nam (KBSV) cho bi\u1ebft, tr\u01b0\u1edbc nh\u1eefng di\u1ec5n bi\u1ebfn m\u1edbi t\u1ea1i khu v\u1ef1c Trung \u0110\u00f4ng \u1ea3nh h\u01b0\u1edfng s\u00e2u r\u1ed9ng \u0111\u1ebfn b\u1ed1i c\u1ea3nh v\u0129 m\u00f4 to\u00e0n c\u1ea7u c\u0169ng nh\u01b0 Vi\u1ec7t Nam. Theo \u0111\u00f3, KBSV \u0111\u00e3 \u0111i\u1ec1u ch\u1ec9nh d\u1ef1 b\u00e1o theo h\u01b0\u1edbng th\u1eadn tr\u1ecdng h\u01a1n so v\u1edbi b\u00e1o c\u00e1o chi\u1ebfn l\u01b0\u1ee3c n\u0103m 2026 c\u00f4ng b\u1ed1 \u0111\u1ea7u n\u0103m. <\/p>\n

C\u1ee5 th\u1ec3, KBSV h\u1ea1 d\u1ef1 b\u00e1o t\u0103ng tr\u01b0\u1edfng l\u1ee3i nhu\u1eadn (EPS) to\u00e0n th\u1ecb tr\u01b0\u1eddng n\u0103m 2026 xu\u1ed1ng c\u00f2n 11% so v\u1edbi c\u00f9ng k\u1ef3, th\u1ea5p h\u01a1n m\u1ee9c 15,7% trong b\u00e1o c\u00e1o tr\u01b0\u1edbc \u0111\u00f3. Vi\u1ec7c \u0111i\u1ec1u ch\u1ec9nh n\u00e0y ph\u1ea3n \u00e1nh quan \u0111i\u1ec3m th\u1eadn tr\u1ecdng h\u01a1n tr\u01b0\u1edbc c\u00e1c y\u1ebfu t\u1ed1 m\u1edbi ph\u00e1t sinh trong qu\u00fd I, \u0111\u1eb7c bi\u1ec7t l\u00e0 c\u0103ng th\u1eb3ng \u0111\u1ecba ch\u00ednh tr\u1ecb t\u1ea1i Trung \u0110\u00f4ng k\u00e9o theo \u00e1p l\u1ef1c l\u00ean l\u1ea1m ph\u00e1t, t\u1ef7 gi\u00e1 v\u00e0 l\u00e3i su\u1ea5t. <\/p>\n

B\u00ean c\u1ea1nh \u0111\u00f3, c\u00e1c y\u1ebfu t\u1ed1 \u0111\u00e3 \u0111\u01b0\u1ee3c nh\u1eadn di\u1ec7n t\u1eeb tr\u01b0\u1edbc nh\u01b0 t\u00ecnh tr\u1ea1ng thi\u1ebfu h\u1ee5t thanh kho\u1ea3n trong h\u1ec7 th\u1ed1ng v\u00e0 ch\u00ednh s\u00e1ch ki\u1ec3m so\u00e1t t\u00edn d\u1ee5ng b\u1ea5t \u0111\u1ed9ng s\u1ea3n ti\u1ebfp t\u1ee5c l\u00e0 l\u1ef1c c\u1ea3n. D\u00f9 v\u1eady, m\u1ee9c t\u0103ng tr\u01b0\u1edfng hai ch\u1eef s\u1ed1 v\u1eabn \u0111\u01b0\u1ee3c \u0111\u00e1nh gi\u00e1 l\u00e0 t\u01b0\u01a1ng \u0111\u1ed1i t\u00edch c\u1ef1c trong b\u1ed1i c\u1ea3nh Ch\u00ednh ph\u1ee7 duy tr\u00ec c\u00e1c ch\u00ednh s\u00e1ch th\u00fac \u0111\u1ea9y kinh t\u1ebf. <\/p>\n

Ngay t\u1eeb \u0111\u1ea7u n\u0103m 2026, th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh to\u00e0n c\u1ea7u \u0111\u00e3 ch\u1ecbu nhi\u1ec1u bi\u1ebfn \u0111\u1ed9ng kh\u00f3 l\u01b0\u1eddng, t\u1eeb vi\u1ec7c T\u00f2a \u00e1n T\u1ed1i cao M\u1ef9 b\u00e1c b\u1ecf thu\u1ebf quan theo \u0110\u1ea1o lu\u1eadt IEEPA, \u0111\u1ebfn vi\u1ec7c c\u1ef1u T\u1ed5ng th\u1ed1ng Donald Trump \u0111\u1ec1 c\u1eadp l\u1ea1i v\u1ea5n \u0111\u1ec1 trung chuy\u1ec3n th\u01b0\u01a1ng m\u1ea1i, v\u00e0 \u0111\u1eb7c bi\u1ec7t l\u00e0 c\u00fa s\u1ed1c n\u0103ng l\u01b0\u1ee3ng t\u1eeb xung \u0111\u1ed9t M\u1ef9 \u2013 Israel \u2013 Iran, khi\u1ebfn ngu\u1ed3n cung n\u0103ng l\u01b0\u1ee3ng to\u00e0n c\u1ea7u b\u1ecb gi\u00e1n \u0111o\u1ea1n nghi\u00eam tr\u1ecdng. <\/p>\n

Trong k\u1ecbch b\u1ea3n c\u01a1 s\u1edf, KBSV k\u1ef3 v\u1ecdng c\u0103ng th\u1eb3ng \u0111\u1ecba ch\u00ednh tr\u1ecb s\u1ebd d\u1ea7n h\u1ea1 nhi\u1ec7t v\u00e0o cu\u1ed1i qu\u00fd II\/2026, k\u00e9o theo xu h\u01b0\u1edbng \u0111i\u1ec1u ch\u1ec9nh c\u1ee7a gi\u00e1 d\u1ea7u, qua \u0111\u00f3 gi\u1ea3m b\u1edbt t\u00e1c \u0111\u1ed9ng ti\u00eau c\u1ef1c l\u00ean t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf v\u00e0 th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh to\u00e0n c\u1ea7u trong n\u1eeda cu\u1ed1i n\u0103m. Tuy nhi\u00ean, trong trung h\u1ea1n, gi\u00e1 d\u1ea7u \u0111\u01b0\u1ee3c d\u1ef1 b\u00e1o kh\u00f3 quay l\u1ea1i m\u1ee9c th\u1ea5p tr\u01b0\u1edbc xung \u0111\u1ed9t do ngu\u1ed3n cung b\u1ecb \u1ea3nh h\u01b0\u1edfng, ti\u1ebfp t\u1ee5c t\u1ea1o \u00e1p l\u1ef1c l\u00ean l\u1ea1m ph\u00e1t v\u00e0 h\u1ea1n ch\u1ebf d\u01b0 \u0111\u1ecba n\u1edbi l\u1ecfng ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 c\u1ee7a C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang M\u1ef9 (FED). <\/p>\n

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Trong n\u01b0\u1edbc, \u0111\u1ec3 hi\u1ec7n th\u1ef1c h\u00f3a m\u1ee5c ti\u00eau t\u0103ng tr\u01b0\u1edfng GDP kho\u1ea3ng 10%, ch\u00ednh s\u00e1ch t\u00e0i kh\u00f3a \u0111\u01b0\u1ee3c k\u1ef3 v\u1ecdng s\u1ebd \u0111\u00f3ng vai tr\u00f2 ch\u1ee7 l\u1ef1c, trong khi ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 \u0111\u1ed1i m\u1eb7t v\u1edbi \u00e1p l\u1ef1c l\u1edbn h\u01a1n trong vi\u1ec7c v\u1eeba \u1ed5n \u0111\u1ecbnh v\u0129 m\u00f4, v\u1eeba h\u1ed7 tr\u1ee3 thanh kho\u1ea3n h\u1ec7 th\u1ed1ng ng\u00e2n h\u00e0ng. KBSV cho r\u1eb1ng m\u1eb7t b\u1eb1ng l\u00e3i su\u1ea5t huy \u0111\u1ed9ng c\u00f3 th\u1ec3 ti\u1ebfp t\u1ee5c t\u0103ng th\u00eam 0,5\u20131% t\u1eeb cu\u1ed1i qu\u00fd I, duy tr\u00ec \u1edf m\u1ee9c cao trong qu\u00fd II tr\u01b0\u1edbc khi b\u1eaft \u0111\u1ea7u h\u1ea1 nhi\u1ec7t r\u00f5 r\u1ec7t t\u1eeb \u0111\u1ea7u qu\u00fd III, khi c\u00e1c \u00e1p l\u1ef1c b\u00ean ngo\u00e0i d\u1ea7n \u0111\u01b0\u1ee3c gi\u1ea3i t\u1ecfa. <\/p>\n

\u0110\u1ed1i v\u1edbi th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n, KBSV \u0111i\u1ec1u ch\u1ec9nh v\u00f9ng \u0111i\u1ec3m h\u1ee3p l\u00fd c\u1ee7a VN-Index n\u0103m 2026 xu\u1ed1ng 1.950 \u0111i\u1ec3m, th\u1ea5p h\u01a1n m\u1ee9c 2.040 \u0111i\u1ec3m \u0111\u01b0a ra h\u1ed3i \u0111\u1ea7u n\u0103m <\/b> , nh\u01b0ng v\u1eabn t\u01b0\u01a1ng \u1ee9ng m\u1ee9c t\u0103ng kho\u1ea3ng 15% so v\u1edbi hi\u1ec7n t\u1ea1i. Vi\u1ec7c \u0111i\u1ec1u ch\u1ec9nh n\u00e0y \u0111\u1ebfn t\u1eeb k\u1ef3 v\u1ecdng t\u0103ng tr\u01b0\u1edfng l\u1ee3i nhu\u1eadn doanh nghi\u1ec7p ch\u1eadm l\u1ea1i v\u00e0 \u00e1p l\u1ef1c l\u00e3i su\u1ea5t cao h\u01a1n d\u1ef1 b\u00e1o ban \u0111\u1ea7u. <\/p>\n

\u1ede g\u00f3c \u0111\u1ed9 \u0111\u1ecbnh gi\u00e1, KBSV cho r\u1eb1ng nh\u1ecbp b\u00e1n th\u00e1o trong th\u00e1ng 3 ph\u1ea7n n\u00e0o ph\u1ea3n \u00e1nh th\u00e1i qu\u00e1 c\u00e1c r\u1ee7i ro li\u00ean quan \u0111\u1ebfn l\u00e3i su\u1ea5t v\u00e0 xung \u0111\u1ed9t \u0111\u1ecba ch\u00ednh tr\u1ecb. M\u1ee9c P\/E hi\u1ec7n t\u1ea1i kho\u1ea3ng 12,4 l\u1ea7n, ti\u1ec7m c\u1eadn v\u00f9ng \u0111\u00e1y c\u00e1c n\u0103m 2022 v\u00e0 2025, trong khi tri\u1ec3n v\u1ecdng t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf v\u00e0 l\u1ee3i nhu\u1eadn doanh nghi\u1ec7p v\u1eabn \u0111\u01b0\u1ee3c duy tr\u00ec, m\u1edf ra c\u01a1 h\u1ed9i \u0111\u1ea7u t\u01b0 trung \u2013 d\u00e0i h\u1ea1n. <\/p>\n

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D\u00f9 r\u1ee7i ro ng\u1eafn h\u1ea1n c\u00f2n hi\u1ec7n h\u1eefu, c\u00f4ng ty ch\u1ee9ng kho\u00e1n n\u00e0y k\u1ef3 v\u1ecdng th\u1ecb tr\u01b0\u1eddng s\u1ebd c\u00f3 nh\u1ecbp ph\u1ee5c h\u1ed3i \u0111\u00e1ng k\u1ec3 trong n\u1eeda cu\u1ed1i n\u0103m 2026, khi c\u0103ng th\u1eb3ng \u0111\u1ecba ch\u00ednh tr\u1ecb h\u1ea1 nhi\u1ec7t v\u00e0 m\u1eb7t b\u1eb1ng l\u00e3i su\u1ea5t d\u1ea7n gi\u1ea3m, qua \u0111\u00f3 \u0111\u01b0a P\/E th\u1ecb tr\u01b0\u1eddng l\u00ean v\u00f9ng 13.x trong k\u1ecbch b\u1ea3n c\u01a1 s\u1edf. <\/p>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

Trong b\u00e1o c\u00e1o m\u1edbi \u0111\u00e2y, Ch\u1ee9ng kho\u00e1n KB Vi\u1ec7t Nam (KBSV) cho bi\u1ebft, tr\u01b0\u1edbc nh\u1eefng di\u1ec5n bi\u1ebfn m\u1edbi t\u1ea1i khu […]<\/p>","protected":false},"author":5,"featured_media":73739,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[221],"tags":[],"class_list":["post-73738","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chung-khoan"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/73738","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/comments?post=73738"}],"version-history":[{"count":0,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/73738\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media\/73739"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media?parent=73738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/categories?post=73738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/tags?post=73738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}